secwatch.observer — SEC 8-K summary
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Issuer:     AUBURN NATIONAL BANCORPORATION, INC (AUBN)
CIK:        0000750574
Form:       8-K
Filed at:   2024-12-10T23:59:59+00:00
Accession:  0001193125-24-274221
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Auburn National adopts 2024 equity plan authorizing 350,000 shares for incentive awards
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- Plan authorizes up to 350,000 shares for options, restricted stock, performance shares/units and other awards.
- Non-employee director annual compensation (including equity) capped at $100,000.
- Effective upon stockholder approval; replaces prior equity plans and includes a clawback policy.
- Option and appreciation rights exercise price cannot be less than fair market value on grant date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750574/000119312524274221/0001193125-24-274221-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750574/000119312524274221/d809726d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-274221

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer